Is NerdWallet, Inc. overvalued or undervalued?

As of 28 November 2025, the valuation grade for NerdWallet, Inc. moved from attractive to very attractive, indicating a strong improvement in its valuation outlook. The company appears to be undervalued, supported by a P/E ratio of 20, a PEG ratio of 0.03, and an EV to EBITDA ratio of 10.80. In comparison, peers such as i3 Verticals, Inc. have a significantly higher P/E ratio of 86.60, while Gambling.com Group Ltd. shows an EV to EBITDA of 7.39, suggesting that NerdWallet is trading at a discount relative to its industry.
NerdWallet's recent stock performance has outpaced the S&P 500, with a 1-month return of 26.67% compared to the S&P 500's -0.61%, reinforcing the narrative of its undervaluation. Overall, the combination of strong valuation ratios and favorable stock performance suggests that NerdWallet, Inc. is positioned well in the market.